Tag: superannuation investment guide
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Maximize Superannuation Funds: Essential End-of-Year Checklist
As the financial year draws to a close, it’s time to get your superannuation funds in order and maximize available strategies. Here’s a checklist of essential tasks to address with your advisers before June 30. A PRACTICAL GUIDE TO AUSTRALIAN SUPERANNUATION: A Plain-English Guide to Maximising Your Contributions, Planning for Retir… | $15.39 Firstly, timing…
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Government Considers Tighter Regulations After Shield Master Fund Collapse
The federal government is considering tighter regulations on superannuation investment funds following the collapse of the Shield Master Fund. Macquarie Group has agreed to reimburse $321 million to 3000 members of Shield after being sued by the Australian Securities and Investments Commission for not acting fairly. A PRACTICAL GUIDE TO AUSTRALIAN SUPERANNUATION: A Plain-English Guide…
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Market Turmoil Raises Concerns for Australian Superannuation Stability
As markets plummet, the reverberations are felt across Australia’s superannuation landscape. With retirement savings intertwined with market performance, the recent downturn has left many Australians concerned about the state of their superannuation funds. Retirement Planner Notebook (6 x 9 Inches): Floral Design Blank Lined Journal for Financial Planning, Savings Strategies &… | $14.93 Superannuation funds,…
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ASIC Investigates $1 Billion Superannuation Collapse Fallout in Australia
Investors in Australia’s superannuation system are reeling from the collapse of First Guardian and Shield, which has left over 12,000 people facing losses exceeding $1 billion. The allure of high returns drew many retirees, like Mel Wohlers, who contemplated drastic measures after losing almost $370,000. The regulatory response, led by ASIC, has been criticized for…
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Superannuation in Australia Surges with $4.2 Trillion Investments
Superannuation in Australia has grown significantly, with the country now holding the fifth-largest pool of retirement savings globally. As of December 2024, the total investment in super reached $4.2 trillion, marking an 11.5% increase in just a year. This growth is attributed to rising compulsory employer contributions and a surge in wages. The two largest…